EBRD to Invest at Least €1.5 Billion in Ukraine This Year

In 2025, the European Bank for Reconstruction and Development intends to allocate at least €1.5 billion to support the Ukrainian economy and business in the face of war, Reuters reports, citing the bank's president, Odile Renaud-Basso.  

On 6 February, Renaud-Basso visited Kyiv to meet with Ukrainian President Volodymyr Zelenskyy.  

Since the start of the full-scale Russian invasion in February 2022, the EBRD has stepped up its activities in Ukraine, investing more than €6.2 billion in various sectors. Last year, the bank provided a record €2.4 billion to the country.  

The EBRD President stressed that the bank will continue to focus on supporting the private sector, as well as the energy sector, which has been under numerous attacks from Russia, and on modernising state and municipal infrastructure.  

‘Our plan is to continue investing at this level. At a minimum, we are aiming for €1.5 billion in investments, but if we can do more, we will do it,’ she said during her visit to Kyiv.  

She also added that the bank's activities depend on demand, and after the war is over, the EBRD is ready to increase its investments in Ukraine to €3 billion a year.  

According to Renaud-Basso, the development of the energy sector remains a priority, as modernisation of the industry and development of renewable energy can stimulate private capital inflows after the war is over.  

‘There's a lot of potential, so it will generate a lot of interest from foreign investors, and it will generate a lot of activity in the country - it will really stimulate the growth dynamics,’ she said.  

In June last year, Renault-Basso and Ukrainian Prime Minister Denys Shmyhal signed a memorandum of understanding to provide additional assistance to rebuild Ukraine's energy infrastructure.